Examples of Aearo in a sentence
The Company has two representatives serving on the Board of Directors of Aearo Corporation and its principal subsidiaries ("Aearo").
Aearo manufactures and sells personal safety products, as well as energy absorbing, vibration damping and impact absorbing products for industrial noise control and environmental enhancement.
The CAEv2 was first developed and sold by Aearo Technologies, Inc.
By voluntarily assuming all of the liability for the largest MDL in the federal judiciary’s history, Aearo obviously wound up in dire financialdistress.
One of the first suits, filed in December 2018, named 3M and “Doe” defendants (not Aearo), and alleged that 3M’s defective CAEv2 earplugs caused hearing loss and tinnitus.
These lawsuits accuse 3M and its bankrupt subsidiary, Aearo Technologies LLC, of selling faulty combat earplugs that damaged the hearing of veterans who used them.
Amongst these, Honeywell Safety Products is the global leader in eye protection equipment (20% market share); 3M (due to acquisition of Aearo) dominates the global market for hearing protection equipment (40% market share) and continues leadership for respiratory protection equipment (30%).
Last month, 3M attempted to assign all their liabilities related to the Combat Ear Plug litigation to Aearo Technologies, and then, in a matter of days, placed the subsidiary into bankruptcy and sought a stay of all proceedings as to 3M while the bankruptcy progressed.
D.I. 143] (the “PI Order”), which rests on the undisputed fact that “whateverliability the [CAEv2 cases] generate – in bankruptcy, outside of bankruptcy, stay in place, or no stay – Aearo can satisfy such liability by making a payment request [to 3M] under the Funding Agreement.” Id. at 31–32.64.
The Company owns approximately 41.4% of the common stock of Aearo Corporation (formerly Cabot Safety Holdings Corporation) after the restructuring of the Company's safety products and specialty composites business in July 1995.